Australia To Develop Offshore Oil, Gas Amid War-Induced Energy Crisis

Australia To Develop Offshore Oil, Gas Amid War-Induced Energy Crisis
An undated handout photo shows Australian resources giant Woodside's Cossack Pioneer oil production facility in the North West Shelf (NWS) gas project. (Photo by - / AFP) Photo by -/AFP via Getty Images
Daniel Khmelev
Updated:

Australia will soon begin approving offshore oil and gas exploration projects in a move that could help alleviate the global energy crisis stemming from the Russia-Ukraine conflict.

The decision from governments and corporations to cut off imports of Russian oil has led to a spike in fuel prices worldwide—including Australia, where the price at the pump is set to exceed $2 per litre (US$5.50 per gallon).

Daniel Khmelev
Daniel Khmelev
Author
Daniel Khmelev is an Australian reporter based in Perth covering energy, tech, and politics.
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